Genesis Unicorn Capital's (NASDAQ:GENQU – Get Rating) lock-up period is set to end on Monday, August 15th. Genesis Unicorn Capital had issued 7,500,000 shares in its public offering on February 15th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Genesis Unicorn Capital Price Performance

GENQU stock opened at $10.05 on Friday. The stock's 50-day moving average price is $10.09. Genesis Unicorn Capital has a fifty-two week low of $9.97 and a fifty-two week high of $10.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Walleye Capital LLC acquired a new position in Genesis Unicorn Capital during the first quarter valued at approximately $1,600,000. Spartan Fund Management Inc. acquired a new position in Genesis Unicorn Capital during the first quarter valued at approximately $999,000. Walleye Trading LLC acquired a new position in Genesis Unicorn Capital during the first quarter valued at approximately $900,000. Glazer Capital LLC acquired a new position in Genesis Unicorn Capital during the first quarter valued at approximately $3,976,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Genesis Unicorn Capital during the first quarter valued at approximately $2,349,000.

About Genesis Unicorn Capital

Genesis Unicorn Capital Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in biotech and pharmaceutical-focused companies, businesses, or assets.

Further Reading

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